SACRAMENTO, Calif. — California Governor Gavin Newsom signed SB 1340 into law yesterday, extending the state’s property tax exclusion for solar projects for two years and providing near-term certainty for America’s largest solar market. Following is statement from Rick Umoff, senior director and counsel, California, at the Solar Energy Industries Association:
SACRAMENTO, Calif. — Today, the California State Legislature approved a two-year extension of a property tax exclusion for solar projects, providing stability to solar companies facing significant uncertainty around project development as they work to help California meet its climate targets.
Yesterday Governor Baker signed H5060, An Act Driving Clean Energy and Offshore Wind, into law. This wide-sweeping climate legislation relaxes the net metering cap for residential solar projects up to 25 kilowatts, establishes incentives for pollinator-friendly community solar and commercial and industrial projects and creates a new council that will proactively work to improve the state’s transmission and distribution grid planning.